Puzo Michael J Purchases 2,750 Shares of Emerson Electric Co. (NYSE:EMR)

Puzo Michael J grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 14.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,572 shares of the industrial products company’s stock after purchasing an additional 2,750 shares during the period. Puzo Michael J’s holdings in Emerson Electric were worth $1,438,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Middleton & Co Inc MA bought a new stake in Emerson Electric during the first quarter worth about $214,000. Harvey Investment Co. LLC purchased a new position in shares of Emerson Electric in the first quarter worth about $368,000. DNB Asset Management AS increased its holdings in shares of Emerson Electric by 4.3% in the second quarter. DNB Asset Management AS now owns 127,098 shares of the industrial products company’s stock worth $8,480,000 after buying an additional 5,283 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Emerson Electric in the second quarter worth about $234,000. Finally, Sawtooth Solutions LLC increased its holdings in shares of Emerson Electric by 34.7% in the first quarter. Sawtooth Solutions LLC now owns 7,923 shares of the industrial products company’s stock worth $542,000 after buying an additional 2,041 shares during the period. 70.17% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Michael H. Train sold 12,278 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total transaction of $783,336.40. Following the transaction, the insider now owns 129,298 shares in the company, valued at approximately $8,249,212.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Bell Katherine Button sold 15,791 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $63.91, for a total value of $1,009,202.81. Following the transaction, the vice president now owns 30,304 shares in the company, valued at approximately $1,936,728.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,333 shares of company stock worth $2,583,230. 0.07% of the stock is owned by company insiders.

Several research firms have recently commented on EMR. Credit Suisse Group decreased their price objective on Emerson Electric from $80.00 to $74.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Deutsche Bank decreased their price objective on Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday. Zacks Investment Research downgraded Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective on the stock. in a report on Tuesday, July 23rd. Finally, Citigroup decreased their price objective on Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $74.81.

NYSE:EMR traded down $1.67 during mid-day trading on Monday, reaching $59.99. 203,742 shares of the company’s stock traded hands, compared to its average volume of 2,649,350. Emerson Electric Co. has a 12-month low of $55.38 and a 12-month high of $79.70. The firm has a market cap of $37.90 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.76. The firm’s 50 day moving average is $65.31.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the business earned $0.76 EPS. Emerson Electric’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts expect that Emerson Electric Co. will post 3.64 earnings per share for the current fiscal year.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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